Thank you, Alan, Chris, & Mabry for your input.
My partner entered into the agreement so I was surprise when I did not see any escape or cancellation clause after I reviewed it.
The reason I am unhappy with her is that we do not get status on the offers we have submitted in a timely manner. FYI, we are an out-of-state investor in MO from CA investing in REO properties. Her reason for not giving us status is that the listing agents do not get back to her at all either. To circumvent that, I think I can submit my offers directly to the listing agent but declare on my offer that I am working with another agent. I know I will still need my agent once an offer is accepted so she will still work and get paid her commission.
Other reasons for letting her go are:
- She does not feed us enough new leads. We basically hunt for them ourselves. If another agent provides us other leads, I should not be obligated to pay commission to someone else.
- The format of the information she provides via email is antiquated. Other agents I have worked with provides a link to a website that allows me to view all the information I need, i.e., pictures, etc.
Chris may be right that she may also be unhappy with us since we make very low initial offers in this kind of investment. However, we made it clear that those are initial offers. We will go up with our offer as needed. That's what counter-offers are for. We just need input.